Yes Marxist/Progressives (Democrats) 1 + 1 still = 2 no matter how you try to spin your stories.
The Trump tax cuts are adding to the deficit and debt. That is a total lie. Despite the lower tax rates applied to the incomes of businesses and citizens, the tax receipts to the United States Treasury where the highest in history in 2018. The tax receipts to the United States Treasury in 2018 were over $3.34 trillion and are estimated to be over $3.42 trillion in in 2019. This compares to $3.27 trillion in 2016.
The income tax rates were reduced, but when the lower rates were applied to the higher incomes due to the tax rate cuts and the dramatic cut in regulations, the revenue rose. Unfortunately, so did government spending. “We don’t have a trillion-dollar debt because we have not taxed enough,” said Reagan, “but we have a trillion-dollar debt because we spend too much.” This is still true and has been true since the FDR days when people believed that Keynes made since – deficit spending brings about prosperity. Keynes was so wrong. The fact is that every dollar taken from the private sector and given to the public sector curtails growth. We have learned this time after time and yet the Marxist/Progressives (Democrats) would still like us to believe that 1 + 1 = 3. It just doesn’t.
We are being led to believe that lower tax refunds are bad. What a lie. It is actually very good. Americans are seeing smaller refunds this year thanks to the 2017 tax reform -- and the Treasury Department says that's a good thing.
The average refund is down nearly 9% so far this filing season, according to updated data released Thursday by the Internal Revenue Service. Refunds averaged $1,949 through February 8, compared to $2,135 for returns filed through the same period last year.
"Most people are seeing the benefits of the tax cut in larger paychecks throughout the year, instead of tax refunds that are the result of people overpaying the government," a Treasury spokesperson said in a statement. "Smaller refunds mean that people are withholding appropriately based on their tax liability, which is positive news for taxpayers."
The new rules lowered most individual rates and nearly doubled the standard deduction. The legislation also included sweeping tax cuts for companies, lowering the corporate rate to 21% from 35%.
Workers saw an increase in their take-home pay last year after employers started using the new IRS income tax withholding tables.
Yes 1 + 1 = 2 applies to increases in minimum wages as well. Higher mandated wages also leads to lower hours for workers and results in many workers losing their jobs. It is a fact that wages increase naturally when we have low unemployment and businesses are having trouble filling the positions for which they need help. This is called supply and demand.
At Granny Shaffer’s restaurant in Joplin, Missouri, owner Mike Wiggins is reprinting the menus to reflect the 5, 10 or 20 cents added to each item.
A two-egg breakfast will cost an extra dime, at $7.39. The price of a three-piece fried chicken dinner will go up 20 cents, to $8.78. The reason: Missouri’s minimum wage is rising.
Wiggins said the price hikes are necessary to help offset an estimated $10,000 to $12,000 in additional annual pay to his staff as a result of a new minimum wage. “For us it’s very simple. There’s no big pot of money out there to get the money out of” for the required pay raises, Wiggins said.
This is true of all businesses. Wages are paid from the income a business receives. The business either raises its prices to absorb the inflationary feel good mandated minimum wage increases or it goes out of business. Yes, 1 + 1 = 2 applies.
Collectivists (Marxists, communists, socialists, progressives, Democrats – all virtually the same) believe they can change the rule 1 + 1 = 2 to 1 + 1 = 3. Keynes was wrong, FDR was wrong, Marx was wrong, Obama was wrong, and the Marxist/Progressive (Democrat) party is wrong. Their policies always bring about social decay and financial collapse just as gravity always works. 1 + 1 = 2 and socialism = social decay and financial collapse.
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